Elon Musk, the newly appointed CEO of Twitter, is unaware of this information. Musk did not name a replacement for Twitter CEO Parag Agrawal after firing him the day after taking control. A signed document, however, that he recently filed with the SEC tells a different tale. Elon Musk is listed as the next CEO of Twitter in the document, although that information will likely be revealed publicly soon.
Elon Musk, the CEO of Tesla Inc., announced in a filing on Monday that he will lead Twitter, the social media firm he recently acquired for $44 billion, a move that Wall Street analysts have warned could wear the billionaire thin.
The previous CEO of Twitter, Parag Agrawal, and other senior corporate executives were sacked last week by Elon Musk, who also owns the rocket company SpaceX, brain-chip startup Neuralink, and the tunneling company the Boring Company.
Compared to the 12% fall in the benchmark S&P 500 index during the same period, Tesla’s stock has lost a third of its value since Musk made an offer to purchase Twitter in April.
In a previous reference to his intended action, Musk altered his Twitter bio to read “Chief Twit.”
On Monday, Twitter declined to comment on whether Musk will appoint a successor or how long he may serve as CEO.
Musk announced that as a result of the acquisition, he is now the only director of Twitter in another filing he made on Monday.
“The following persons, who were directors of Twitter before the effective time of the merger, are no longer directors of Twitter: Bret Taylor, Parag Agrawal, Omid Kordestani, David Rosenblatt, Martha Lane Fox, Patrick Pichette, Egon Durban, Fei-Fei Li, and Mimi Alemayehou,” Musk said in the filing.
Musk quickly tweeted that the decision to abolish the board “is only temporary” without going into further detail.
A schism between Musk and Agarwal made it inevitable that they would part ways as soon as Musk took charge. Vijaya Gadde, the company’s legal chief and the person in charge of removing former US President Donald Trump from the site, had been publicly humiliated by Musk. Musk thought that the way Twitter was run now inhibited free expression. And as a result, he wants to make the platform “free” without trying to profit more from it. Musk tweeted after taking control, “the bird is liberated.”
After a few of their private discussions were published online, the world was made aware of the conflict between Musk and Agrawal. The CEO of Tesla deemed it a waste of his time to join the Twitter board. He was even discovered talking about how he cannot work with Agrawal with former Twitter CEO Jack Dorsey in some of his texts. It was rumored that Dorsey attempted to connect Musk and Agrawal, but his schemes utterly failed.